Series Sponsored by Tiger Direct, with Incredible Metal Gear Prizes on the Line as Konami Begins Nationwide Search for Best Online Players

MOUNTAIN VIEW, Calif., July 20, 2006–Leading game center organization iGames announced today a series of online, LAN (Local Area Network), and WAN (Wide Area Network) competitions for Konami’s tactical espionage action video game, Metal Gear Solid 3: Subsistence™ to take place between July 29th and September 17th. Presented with Konami and sponsored by Tiger Direct, the tournament will let gamers compete with others nationwide for a chance to win a selection of incredible Metal Gear prizes and top honors as the best players in the country.

Gamers will be able to register for the official Metal Gear Solid 3: Subsistence tournament on the
iGames web site, www.igames.org or at iGames centers nationwide. The tournament will consist of a series of solo and team games in which contestants can participate from home or from iGames centers nationwide.

Tournament matches will be held regularly each weekend, and players can participate in as many matches as they wish. Each player will be rated using the ELO ranking system that judges their overall skill level rather than just wins and losses. The players and teams with the top rating each day will win Metal Gear memorabilia such as shirts, games and accessories, while the players and teams with the best rating over the course of the entire competition will earn entry into a final elimination stage. The team and solo game winners from this stage will become Metal Gear Solid 3: Subsistence champions and will win prizes such as HDTVs, special in-game awards and rare Metal Gear memorabilia.

Following the tournament, gamers can meet their teammates at a WAN free-for-all event at participating game centers across North America in September. The two most popular Metal Gear Solid 3: Subsistence centers, based on tournament participation, will also hold a head-to-head LAN competition with additional great prize opportunities.

For the first time in the history of the Metal Gear series, Metal Gear Solid 3: Subsistence features an online mode that lets players utilize classic characters and gameplay elements as they compete against other players from around the country on the PlayStation®2 computer entertainment system.

Gamers will be able to choose from five different online modes such as Deathmatch, Team Deathmatch, Sneaking Mission, Capture Mission and Rescue Mission, each with their own unique set of goals. Competition takes place in more than 10 different areas and includes classic environments from Metal Gear Solid®3: Snake Eater™ as well as original levels created specifically for Metal Gear Solid 3: Subsistence. The game supports up to eight players online as well as full in-game voice chat for the most immersive online gameplay experience possible on the PlayStation 2.

For official details about the Metal Gear Solid 3: Subsistence tournament, please visitwww.igames.org. For more information about Metal Gear Solid 3: Subsistence and the Metal Gear series, please visit www.konami.com/gs.

About iGames
iGames, Inc. offers a wide range of services to help independent and franchised game centers. iGames’ mission is to promote and develop the growth of the game center industry. Its services unite game centers with the goal of establishing them as the driving force enabling the interactive entertainment industry to become the number one form of entertainment around the world.

iGames has established strong relationships with industry leaders to provide a wide variety of products, services and programs to member game centers and gamers including software licensing, hardware discounts, exclusive game premieres, tournaments, and game nights. Today the company counts well over 500 centers and 1.2 million gamers, initiating and coorganizing more than 200 events a year. To learn more about iGames, go to www.igames.org.

About Konami
Konami is a leading developer, publisher and manufacturer of electronic entertainment properties. Konami’s titles include the popular franchises Metal Gear Solid®, Silent Hill® and Castlevania®, among other top sellers. The latest information about Konami can be found on the Web at www.konami.com. Konami Corporation is a publicly traded company based in Tokyo, Japan with subsidiary offices, Konami Digital Entertainment, Inc. in the United States and Konami Digital Entertainment GmbH in Frankfurt, Germany. Konami Corporation, the parent company of Konami Digital Entertainment, Inc. is traded in the United States on the New York Stock Exchange under the ticker symbol KNM. Details of the products published by Konami Digital Entertainment, Inc. can be found at www.konami.com/gs.